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Bitcoin's Breach of $10000 Triggers Sell Signal for Technicians

The calls represent an about-face from Ross's position less than a week ago, when he recommended buying Bitcoin, Ether, Ripple, and Litecoin. Bitcoin's stunning slump from December's record high has traders and strategists scrambling for explanations, from regulatory concerns to the Lunar New ...

Bitcoin plunges below $10000 in worst 2-day rout in 3 years

Bitcoin plunged below $10,000 on Wednesday, marking its worst two-day rout in three years, only hours before the first monthly futures contracts on the controversial cryptocurrency expired. The most widely held digital currency has fallen almost a third in the past two days, reducing its total market value ...

Bitcoin's price dropped 50 percent in one month

The price of bitcoin has dropped 50 percent from its high of nearly $20,000 last month. Currently, it's worth just over $10,000, according to CoinDesk. At the end of 2017, bitcoin had shot up to 20 times its value since the beginning of the year. Like other cryptocurrencies, bitcoin is extremely volatile, ...

Is Bitcoin's Black Tuesday Just Another Reason to Buy?

As newly minted billionaires Cameron and Tyler Winklevoss can attest, 2017 was a banner year for bitcoin. The flagship cryptocurrency was valued at around $1,000 last January; by the end of the year, it had skyrocketed to more than $20,000, bringing other major cryptocurrencies like ethereum and ...

Bitcoin selloff deepens, digital currency now down 50% from recent peak

A day after falling 25%, bitcoin plunged another 9% Wednesday to around $9,635 per coin, or 50% lower than its mid-December peak of around $19,500. Market watchers warned of a bubble last year when bitcoin skyrocketed, despite the fact that it is a fledgling digital currency that still hasn't achieved ...
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Who

While we may not know who he (or she) was, we know what he did. Satoshi Nakamoto was the inventor of the bitcoin protocol, publishing a paper via the Cryptography Mailing List in November 2008.

He then released the first version of the bitcoin software client in 2009, and participated with others on the project via mailing lists, until he finally began to fade from the community toward the end of 2010.

Nakamoto worked with people on the open-source team, but took care never to reveal anything personal about himself, and the last anyone heard from him was in the spring of 2011, when he said that he had “moved on to other things”.

Where it started

In October 2008, Nakamoto published a paper on The Cryptography Mailing list describing the bitcoin digital currency. It was titled Bitcoin: A Peer-to-Peer Electronic Cash System. In January 2009, Nakamoto released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins. Satoshi Nakamoto released the bitcoin software on Sourceforge on 9 January 2009.

Nakamoto claimed that work on the writing of the code began in 2007. The inventor of bitcoin knew that due to its nature the core design would have to be able to support a broad range of transaction types. The implemented solution enabled specialised codes and data fields from the start through the use of a predicative script.

Nakamoto created a website with the domain name bitcoin.org and continued to collaborate with other developers on the bitcoin software until mid-2010. Around this time, he handed over control of the source code repository and network alert key to Gavin Andresen, transferred several related domains to various prominent members of the bitcoin community, and stopped his involvement in the project. Until shortly before his absence and handover, Nakamoto made all modifications to the source code himself.

What

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.

Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.